Moody's Italy GDP forecast cut to 0-0.5%

Moody's said Thursday that it has cut its 2019 growth forecast for Italy to 0.5% or lower. "We had estimated Italian GDP growth of 1.3%," said Kathrin Muehlbronner, Moody's lead analyst for Italy. "This year it will certainly be under 1%, probably a value between zero and 0.5%...
    We have a stable outlook, covering a period of 12 to 18 months, and we don't see changes. We have assumed low growth for a few years at most, under 1%".
   

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